🇺🇸 TN, United States · #223 of 558 cities · 2026

Cost of Living in Memphis

8.8% below the United States average

Ranked #223 of 558 cities · More expensive than 60% of cities worldwide

Compared to United States average

Rent Prices

Rent Prices in Memphis

Apartment City Centre Outside Centre You Save
1-Bedroom USD 1,362/mo USD 1,063/mo 22%
3-Bedroom USD 1,943/mo USD 1,810/mo 22%
Numbeo · 2026-03-12

Cost Indices

Cost of Living
-8.8% Affordable
Rent
-13.0% Affordable
Groceries
-10.0% Affordable
Restaurants
-7.3% Average
Purchasing Power
-4.0% Average

Living in Memphis: What to Expect

Memphis is affordable by global standards (ranked #223 of 558 cities). It is 8.8% cheaper than the United States average, based on 80 cities.

Groceries are affordable, while dining out is average. Rent offers the best value, while Restaurants is the priciest.

Local purchasing power is limited — residents can afford fewer goods and services than in most cities.

Similar Cities

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